Irctc Shares Continue Strong Rally, Rise Nearly 10%

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Irctc Shares Continue Strong Rally, Rise Nearly 10%
08 Sep 2021
4 min read

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News Synopsis

For the third day in a row, IRCTC (Indian Railway Catering and Tourism Corporation) shares have risen. On the Bombay Stock Exchange, its share price achieved an all-time high of Rs 3,296. After being knocked down by the second wave of Covid-19, IRCTC's stock has swiftly recovered. According to numerous analysts, investors should take advantage of the dip during the second wave. This year has seen a favourable influence from the Indian Railways' Asset Monetisation Programme and the IRCTC's aim to expand its hotel sector. As a consequence, analysts anticipate that the stock will hit Rs 5,000 in a short period. According to one analyst, the price of IRCTc shares may also hit Rs 3,400 by the time the firm achieves that level.

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